Envestnet Asset Management Inc. Has $456.35 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Envestnet Asset Management Inc. cut its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 4.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,746,683 shares of the apparel and home fashions retailer's stock after selling 157,922 shares during the period. Envestnet Asset Management Inc. owned 0.34% of TJX Companies worth $456,346,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Millstone Evans Group LLC acquired a new position in shares of TJX Companies during the 4th quarter worth about $30,000. Atlantic Edge Private Wealth Management LLC boosted its holdings in shares of TJX Companies by 58.8% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock worth $36,000 after buying an additional 110 shares during the period. Inlight Wealth Management LLC bought a new stake in shares of TJX Companies during the 1st quarter worth about $37,000. Rialto Wealth Management LLC boosted its holdings in shares of TJX Companies by 105.9% during the 1st quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock worth $42,000 after buying an additional 179 shares during the period. Finally, Proathlete Wealth Management LLC bought a new stake in shares of TJX Companies during the 1st quarter worth about $52,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. UBS Group reaffirmed a "buy" rating and set a $164.00 target price (up previously from $154.00) on shares of TJX Companies in a report on Thursday, May 22nd. JPMorgan Chase & Co. lifted their target price on shares of TJX Companies from $130.00 to $145.00 and gave the stock an "overweight" rating in a report on Monday, June 2nd. Citigroup raised shares of TJX Companies from a "neutral" rating to a "buy" rating in a report on Wednesday, May 21st. Daiwa Capital Markets assumed coverage on shares of TJX Companies in a report on Tuesday. They set an "outperform" rating and a $133.00 target price for the company. Finally, Robert W. Baird lifted their target price on shares of TJX Companies from $140.00 to $143.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $141.06.

Insider Activity at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the completion of the transaction, the director directly owned 22,712 shares in the company, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.13% of the company's stock.

TJX Companies Price Performance

Shares of NYSE:TJX traded down $1.31 during midday trading on Thursday, hitting $124.14. The stock had a trading volume of 5,051,092 shares, compared to its average volume of 5,196,342. The company's 50-day moving average price is $127.00 and its 200-day moving average price is $124.11. The company has a market capitalization of $138.68 billion, a P/E ratio of 29.21, a price-to-earnings-growth ratio of 2.92 and a beta of 0.88. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34. The TJX Companies, Inc. has a fifty-two week low of $107.71 and a fifty-two week high of $135.85.

TJX Companies (NYSE:TJX - Get Free Report) last issued its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, beating the consensus estimate of $0.90 by $0.02. The company had revenue of $13.11 billion during the quarter, compared to analysts' expectations of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The business's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.93 EPS. As a group, equities research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be given a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Thursday, August 14th. TJX Companies's payout ratio is presently 40.00%.

About TJX Companies

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.